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| Exchange Received Time 13/03/2018 11:21:32 Exchange Disseminated Time 13/03/2018 11:21:37 Time Taken 00:00:05 | The Board of Directors of the Company at their meeting held today, have considered and approved the following:
1. The First Interim Dividend of Rs. 21.20 per equity share i.e. 2120% on face value of Re. 1/- per equity share for the financial year 2017-18;
2. Dividend @ 7.5% p.a. on the redeemable preference shares of face value of Rs. 10/- per preference share as per their terms of issuance. These preference shares were issued on April 28, 2017 and dividend is payable uptil the end of financial year i.e. March 31, 2018.
3. As informed earlier, the Record date for the purpose of payment of the First Interim Dividend to equity shareholders and Dividend to Preference shareholders is Wednesday, March 21, 2018.
4. The appointment of Mr. U.K. Sinha (DIN: 00010336) as an Additional NonÂExecutive Independent Director on the Board of the Company for a fixed term effective from close of business hours on March 13, 2018 till August 10, 2021.
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